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HomeNationalMysore Sugars Limited will not go into the hands of private companies,...

Mysore Sugars Limited will not go into the hands of private companies, the government stopped the decision, the crushing of sugarcane will start from the next session

Sugar Mill (symbol photo)

The Karnataka government has decided to withdraw its decision to temporarily lease out Mandya-based Mysore Sugars Company Limited (MySugar). The government will constitute an expert committee to make recommendations about the future of the company. The state government also said that the factory would start crushing sugarcane from the next season. Chief Minister Basavaraj Bommai chaired a nearly three-hour-long high-level meeting with senior ministers, public representatives and farmers’ representatives of Mandya district after the protests against leasing of MySugar were discussed.

He said that the condition of machinery and other technical aspects, the factory will be restarted. For this, an expert committee will be constituted to study the required finance and working capital required to pay cane to farmers in consultation with bank officials.

factory monitoring

After the meeting, he said that the committee would also study the aspects related to value addition of converted molasses and would also study whether the molasses would be used in distillery or for ethanol with the aim of making the factory economically viable. Bommai said a skilled officer with industrial expertise would be appointed as the Managing Director to oversee the factory and an accountant as recommended by the Auditor General would be appointed.

Decision will be taken after the report of experts committee

He said- “The report submitted by the expert committee will be placed before the cabinet to take a final decision.” The CM said that the earlier cabinet had decided to hand over the factory on lease. He further said, “If it has to be changed, then the cabinet itself will have to decide, we will take a decision on the basis of the committee’s report.” Till then, it has been decided to put on hold the earlier decision of privatization (on lease) for the time being.

The farmers had protested

State-owned sugar factory, which was established in 1934. The move to lease it has been opposed by various sections including farmers. Opposition parties JDS and Congress also opposed the move. Recently, the Chief Minister met the farmers and assured an amicable solution.

Bommai said the government was firm on its decision to resume sugarcane crushing from the next season. He said that he would immediately release the necessary funds to upgrade or make changes to the machinery required for this.

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